PriyaPatel
TLDR:
Motor insurer Marshmallow has become a member of the Insurance Fraud Bureau (IFB) to strengthen its counter-fraud strategy and combat fraudulent activities in the industry. By joining the IFB, Marshmallow will gain access to insights and technology that help analyze and prevent fraud. The move aligns with the IFB’s goal to reduce insurance fraud risk and protect consumers.
Key Points:
- Marshmallow joins IFB to enhance counter-fraud measures in the motor insurance sector.
- IFB membership provides access to insights and technology to analyze and prevent fraudulent activities.
Motor insurer Marshmallow has recently become a member of the Insurance Fraud Bureau (IFB) to strengthen its counter-fraud strategy and combat fraudulent activities in the industry. By joining the IFB, Marshmallow will gain access to insights and technology that help analyze and prevent fraud. The move aligns with the IFB’s goal to reduce insurance fraud risk and protect innocent members of the public.
The IFB membership will enable Marshmallow to collaborate with the wider industry to clamp down on fraud while continuing to provide affordable prices. As part of the partnership, Marshmallow will also join the Insurance Fraud Register, further enhancing its fraud prevention measures. Ursula Jallow, director at the IFB, expressed the organization’s pleasure in teaming up with Marshmallow, highlighting the mutual benefits of sharing industry insights to combat fraud effectively.
This development comes at a crucial time as the IFB aims to broaden its membership and affiliate model to address the estimated £2bn annual cost of fraud to the insurance industry. Marshmallow’s head of fraud, Ash Jackson, expressed excitement about integrating IFB’s services into their processes and platforms, underscoring the importance of collaboration within the industry to combat fraudulent activities effectively.
